Giving property investors a a stable capital gain of 12.52% for the last year, Lenah Valley, 7008 is the 873th highest performer in Australia in this respect.
Over the longer term, Lenah Valley has seen property prices show investors a 21.72% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Lenah Valley is offering property investors an average of -6.89. This rate of discount on properties puts Suburb at number 60th in terms of most discounted suburbs in TAS
Advertised rents are around the $390 mark per week – giving a return of 4.40% based on the median price in Suburb
Property investors who have had real estate in Lenah Valley, 7008 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.93%
Lenah Valley,7008 was ranked 147 in Australia by increase in median property value over the quarter.
The most recent median price for Lenah Valley is $305000, with sellers offering an average of -5.49% off the asking price.
Advertised rents are around the $305 mark per week – giving a return of 5.20% based on the median price in Suburb
Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.Full summary
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Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.
There is a reasonable level of amenities within the suburb itself, including a primary school, a Catholic school and a number of shops, cafes and restaurants on Augusta Road. The wider amenities of New Town and North Hobart are also within easy reach, as is the larger shopping centre in Moonah. There are also a number of reserves and parks in the area, as well as impressive views of Mount Wellington to the west and the Derwent River to the east.
It’s affordable in comparison to neighbours Mount Stuart, New Town and West Hobart, and demand for property is high, with realestate.com.au reporting 26 people searching per property. This suggests the scope for further growth is good. Properties in the older eastern part of the suburb tend to fetch a premium.